Tuesday, May 18, 2010

Another New York Politician With Too Much Time On His Hands

What is it with the New York politicians that they want to go off chasing unicorns in what amounts to little more then a masked attempt to strike at conservatives?

Now Rep. Anthony Weiner (D-NY), having solved all of the big issues of the day like the national debt, out-of-control spending, security of the borders, eradication of Islamic terrorism and the burgeoning unemployment has now set his sights on one of the sponsors of the Glenn Beck radio show, Goldline. This is nothing more then an attempt to scare away sponsorship from one of the most successful personalities on radio and television.
Talk show host Glenn Beck and Goldline International, a California-based gold retailer, have colluded to use fear mongering tactics to bilk investors, according to a stinging report issued Tuesday by Rep. Anthony Weiner (D-N.Y.).

The report alleges that Goldline grossly overcharges for the gold coins that constitute the bulk of its business, uses misleading sales techniques and takes advantage of fears about President Barack Obama’s stewardship of the economy – which are stoked by its paid stable of paid conservative endorsers including Beck, Mark Levin, Laura Ingraham and Fred Thompson – “to cheat consumers.”
This is nothing but something for the progressives to salivate over as it is another attempt to silence conservative voices. They can't compete in the market so the only option is for them to try and eliminate the competition altogether. Really pretty pathetic, just like the boycott that I guess is still going on from the former Obama appointee Van Jones's front group against advertisers on the Glenn Beck TV show.
A member of the House Subcommittee on Commerce, Trade and Consumer Protection, Weiner said he plans to introduce legislation to require Goldline and other precious metal retailers to fully disclose all their fees, how much the price of gold would need to rise in order for their customers’ investments to yield a profit, and the purchase price, melt value and resale value of the metal that constitutes their products. And he called on the Securities and Exchange Commission, as well as the Federal Trade Commission to investigate “the shady business practices conducted by Goldline International.”
Anthony, I can answer one part of that sermon. How much the price of gold would need to rise in order for their customers investments to yield a profit? 1¢. If you knew anything about how investments actually works you might understand that and not be so gullible to all the crap Fannie and Freddie feed you.

Weiner, you are a wiener.

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